ML Varad OÜ

Registered
11349378Private limited company (OÜ)Founded 2007

Key figures

411 370 €−66,3%
Revenue 2025
−6,2%
Average annual change 2019–2025
0500 k1 m1,5 m2019202020212022202320242025

Ratios

2025

Summary: ML Varad OÜ

What kind of company is it?

ML Varad OÜ (registry code 11349378) is a private limited company (OÜ). The company was entered in the Commercial Register in 2007 and has been registered for 19 years. Registered location: Tartu linn, Tartu maakond. According to the latest annual report, the main activity is timber harvesting (EMTAK 02201). The company is registered for VAT (VAT number EE101468253).

How is the company doing financially?

Revenue in financial year 2025 was 411 370 €, down 66,3% on the previous year (1 219 406 €). From 2019 to 2025, revenue declined by an average of 6,2% per year. Net profit for financial year 2025 was 101 857 € (24,8% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 2 employees. Revenue per employee was 205 685 €. At the end of financial year 2025, total assets were 2 953 666 € and equity 2 402 380 € (81,3% of assets). Based on labour costs in the report, the estimated average gross salary was about 2210 € per month.

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 141 634 €, up 103% on the same quarter a year earlier.

Who runs the company and who owns it?

The company has one management board member. According to the register, the company has 2 owners. The largest stake (100%) is held by a private individual.

Where does the data come from and how fresh is it?

Register data (name, address, legal form, management board and owners) come from the Commercial Register of the Centre of Registers and Information Systems (RIK); changes are read from RIK every night. Financial figures come from annual reports; the latest report (financial year 2025) was filed on 10.06.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.

Quarterly figures
QuarterRevenueNumber of employeesLabour taxes
Q3 2026141 634 €—0 €
Q2 2026575 556 €—0 €
Q1 202675 749 €—0 €
Q4 2025137 974 €—8876 €
Q3 202569 624 €17750 €
Q2 2025114 667 €210 500 €
Q1 2025326 245 €29127 €

Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.

Dividends

calculated
2025

Distributed as dividends 57 160 € (2% of distributable profit).

History
202557 160 €
20240 €
20230 €
20220 €
20210 €
20200 €
Summary of financial statements2021–2025
20212022202320242025
Sales revenue801 485675 766609 8401 219 406411 370
Net profit98 82385 527121 511162 727101 857
Retained earnings1 799 1411 963 3122 048 8392 170 3502 275 917
Total assets2 397 9002 365 3402 948 5102 955 4612 953 666
Total liabilities475 330291 895753 554597 778551 286
Total equity1 922 5702 073 4452 194 9562 357 6832 402 380
Employees12222
Average gross salary (monthly)14522365234827412205
Calculated dividend000057 160

A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.

Risks and obligationsAll clear
Register status
Registered
Business Register
Tax debt
None
Tax and Customs Board list of tax debtors
Enforcement and official notices
None
Official Announcements (Ametlikud Teadaanded)
Consumer disputes
None
Consumer Disputes Committee (TTJA)
Annual report filing
3/3 filed
All on time
Business Register · 2023–2025
Auditor's opinion
Unqualified
Business Register · 2024 annual report
Share pledges and disposal bans
None
Business Register

Data from public registers, not a credit rating.

Connections graph

Click a node to see its other connections.

100%100%ML Varad OÜSiret Meeru5Mart Meeru
CompanyPersonShareholderOther roleAdditional linkZoom: Ctrl/⌘ + scroll

State aid and grants

8 records

State aid and de minimis aid in total 168 027 € (2016–2024). Largest grantors: Elering AS (145 721 €), Põllumajanduse Registrite ja Informatsiooni Amet (20 334 €), SA Keskkonnainvesteeringute Keskus (1973 €).

Show all aid records (8)
2024211 €
20221121 €
2018164 934 €
20171410 €
2016351 €
GrantorPurposeAmountDate
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine111 €04.04.2024
SA Keskkonnainvesteeringute KeskusErametsaomanike nõustamine100 €23.01.2024
Elering ASTaastuvatest energiaallikatest energia tootmiseks antav tegevusabi1121 €31.10.2022
Elering ASTaastuvatest energiaallikatest energia tootmiseks antav tegevusabi144 600 €12.12.2018
Põllumajanduse Registrite ja Informatsiooni AmetMetsamaaparandustööd20 334 €05.01.2018
SA Keskkonnainvesteeringute KeskusMetsamaaparandustööd974 €18.12.2017
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine ja metsamajandamiskava koostamine436 €30.03.2017
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine ja metsamajandamiskava koostamine351 €04.04.2016

Source: State Aid and De Minimis Aid Register (Ministry of Finance). For guarantees and loans the amount is the aid element, not the loan amount. View in the register ↗

Annual reportsPDF, XBRL

Loading list of reports…

Source: e-Business Register (RIK). Files open/download directly from the official register.

Related companies

Largest in the same sector — Agriculture, forestry and fishing
Same activity — Timber harvesting
Same address

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